Unemployment up to 9.8% in November, 39k jobs added
The Bureau of Labor Statistics reported that the unemployment rate increased to 9.8% in November with 39,000 jobs added. Private sector employment increased by 50,000 jobs, while government cut 11,000 jobs.
Let’s breakdown the numbers:
- The unemployment rate for high school drop outs was 15.7%, up from 15.3% last month.
- 5.1% of college graduates were unemployed, up from 4.7% the previous month.
- The jobless rate for high school graduates was 10.0%, down from 10.1%.
- 10.0% of men 20 and over were unemployed, up from 9.7%.
- Women 20 and over had an unemployment rate of 8.4%, up from 8.1%.
- 24.6% of 16 to 19 year olds were unemployed, down from 27.1% last month.
- Jobless rate among whites was at 8.9%, up from 8.8% last month.
- 16.0% of blacks were jobless, up from 15.7% the prior month
The mediocre increase in employment was not enough to keep the unemployment rate from rising in November.